UCONN WOMEN'S BASKETBALL: Geno Auriemma gets five-year extension

Connecticut head coach Geno Auriemma listens to a question during a news conference before practice for a second-round game in the women's NCAA college basketball tournament in in Storrs, Conn., Sunday March 24, 2013. Connecticut will play Vanderbilt on Monday. (AP Photo/Jessica Hill)

STORRS >> The details were finally ironed out as UConn women's basketball coach Geno Auriemma signed a new five-year contract which will keep him at UConn through the 2017-18 season.

Auriemma will be paid $10.8 million over the duration of the contract and will likely be the final contract he signs since Auriemma will be 64 by the time the contract runs its course.

Auriemma will receive a base salary of $400,000 for each year on the contract, which runs from April 15 to April 14 of each year. In 2013-14, he will receive $1,550,000 for institutional speaking engagements and media-related appearances for a total of $1,950,000.

The payment for institutional speaking engagements will increase by $110,000 each year, except in the final year when it will increase by $120,000.

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Auriemma has been UConn's head coach since the 1985-86 season and has led the Huskies to seven national titles and 13 Final Fours including the last five.

"I would like to thank President Susan Herbst, Director of Athletics Warde Manuel and the entire University of Connecticut community for their continuing commitment to me and my family," Auriemma said in a statement. "The last 28 years at Connecticut have been amazing and I am even more energized by what the future holds for our women's basketball program and our athletic department as a whole."

Auriemma will receive the following payments for postseason performance (all determined by base salary): a half-month for winning a conference regular season championship; a half-month for winning a conference tournament championship; one month for participating in the NCAA tournament; one month for participating in the NCAA Sweet 16; one month for participating in the NCAA Final Four; and two months for winning the NCAA national championship.

Auriemma will receive a half-month for winning a national coach of the year award and one-quarter month for winning a conference coach of the year award. If he wins both, he will receive one payment of half a month.

If Auriemma resigns or retires from the University in good standing following the completion of the new contract in 2017-18, he will be entitled to a payment of $1,000,000 or an appointment at the university for up to five years at a salary of $300,000.

"We've always had a great commitment to the women's basketball program," UConn coach Geno Auriemma said. "it is one of the few places in the country where the expectation level here is the highest of any place in America and it has been like that for a while now. We are also the only place in the country where a station like SNY pays us a million dollars to broadcast women's games, that doesn't exist anywhere else. It is just a unique place, a unique situation and I am fortunate that I am here and I have been here at the perfect time at the perfect place."